RE:RE:RE:RE:RE:RE:RE:RE:RE:As expectedThanks for replying. I am not a big REIT owner myself, the only other one I've owned previously was NWH.UN mainly for the healthcare play. However, my timing was off, bought in 2012 at the highs and sold near the bottom in 2015... call it capitulation. Today it has recovered all the while paying distributions.
In hindsight my biggest error was lack of patience. REITs move at a snail's pace. One has to own like a turtle to reap the harvest. My play on MRT now is to do the opposite of NWH... buy near the lows instead of the highs and exercise extreme patience.
I've owned DR as well, had to buy during the covid lows to get my average down then exited with a small gain. They use to pay monthly, now it's quarterly so it's not high on my watch list unless it goes under $7 again.
JayBanks wrote:
flamingogold wrote: Jay, what's your take on HOT.UN and MRT.UN?
Not great on either but also I don't keep real notice of them either...
MRT was always a value destroyer it seemed so I ignored it when I was looking at REITS cause they usually had 5.5 - 8% yields. I used to follow and look into 6-8 of them and eventually choose Cominar which was as it turns out a very poor choice... I think I exited with a small profit (mid single digits) but it was only because I held for so long that the dividend propped up my total return numbers. I forget what my other favourites were but I know they didn't do much better...
HOT I've watched ever since I got into stocks, US hotels listed on l the TSX and most of the properties had great profit margins even 15-25% below capacity. I was almost into them late last summer as a recovery play and then something turned me off, I forget if it was that I found out they pay in US$ then it's converted to CAD (tho that might have been DR)(also I got into AEM that does it so I'm atleast gaining comfort in companies that do that process) ever since whatever turned me off I have ignored them tho they are still on a watch list but I don't acknowledge it until you brought it up now lol...
I'm not really the guy to go on REITs opinions, Dream Impact was thrown on my plate less than a year ago as a specialty play in the space and I believe it's the only one I really monitor at arms length right now... sorry I don't have much to help you on those